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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2530 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2530

To express the sense of the Congress on suspending consideration of any 
commemorative coin legislation during the 104th Congress, to affirm the 
     role of the Citizens Commemorative Coin Advisory Committee in 
  recommending new commemorative coin programs, and to authorize the 
            Secretary of the Treasury to mint certain coins.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

            October 6 (legislative day, September 12), 1994

Mrs. Hutchison (for herself, Mr. Wofford, Mr. Robb, Mr. DeConcini, Mr. 
   Inouye, Mr. Levin, Mr. Hatfield, and Mr. D'Amato) introduced the 
 following bill; which was read twice and referred to the Committee on 
                   Banking, Housing, and Urban Affair

_______________________________________________________________________

                                 A BILL

 
To express the sense of the Congress on suspending consideration of any 
commemorative coin legislation during the 104th Congress, to affirm the 
     role of the Citizens Commemorative Coin Advisory Committee in 
  recommending new commemorative coin programs, and to authorize the 
            Secretary of the Treasury to mint certain coins.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commemorative Coin Moratorium Act of 
1994''.

SEC. 2. SENSE OF THE CONGRESS ON SUSPENSION OF CONSIDERATION OF ANY 
              COMMEMORATIVE COIN BILLS DURING THE 104TH CONGRESS.

    It is the sense of the Congress that the Committee on Banking, 
Finance and Urban Affairs of the House of Representatives and the 
Committee on Banking, Housing, and Urban Affairs of the Senate should 
not report or otherwise clear for consideration by the House of 
Representatives or the Senate during the 104th Congress any legislation 
providing for any commemorative coin programs for any year.

SEC. 3. CONGRESSIONAL AFFIRMATION OF THE ROLE OF THE CITIZENS 
              COMMEMORATIVE COIN ADVISORY COMMITTEE.

    The Congress declares that the Citizens Commemorative Coin Advisory 
Committee is intended by the Congress to play a lead role in reviewing 
requests for, and making recommendations with respect to, commemorative 
coin programs. It is the sense of the Congress that legislation 
providing for commemorative coin programs should only be considered by 
the Committee on Banking, Finance and Urban Affairs of the House of 
Representatives and the Committee on Banking, Housing, and Urban 
Affairs of the Senate, after taking into account the recommendations of 
the advisory committee.

SEC. 4. 50TH ANNIVERSARY OF THE WORLD WAR II PEACE ACCORDS 
              COMMEMORATIVE COIN.

    (a) Sense of the Congress.--
            (1) Findings.--The Congress finds that--
                    (A) September 2, 1995, will mark the 50th 
                anniversary of the signing of the peace accords on the 
                U.S.S. Missouri among the nations involved in World War 
                II in the Pacific;
                    (B) the signing of the peace accords marked the end 
                of all hostilities in the largest war the world has 
                ever known; and
                    (C) September 2, 1945, also marked the birth of a 
                democratic form of government in Japan.
            (2) Sense of the congress.--It is the sense of the Congress 
        that--
                    (A) the 50th anniversary of the signing of the 
                World War II peace accords on the U.S.S. Missouri 
                should not go unrecognized at the national level; and
                    (B) the United States should recognize such 
                anniversary by minting and issuing a commemorative 
                coin.
    (b) Coin Specifications.--
            (1) $1 Silver coins.--Subject to paragraph (2), the 
        Secretary of the Treasury (hereafter in this section referred 
        to as the ``Secretary'') shall mint and issue not more than 
        500,000 1 dollar coins, which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
            (2) Affirmative report of the citizens commemorative coin 
        advisory committee.--The Secretary may not mint coins under 
        this section prior to the submission by the Citizens 
        Commemorative Coin Advisory Committee to the Secretary, not 
        later than 1 year after the date of enactment of this Act, of a 
        report containing--
                    (A) a notice of a determination by the advisory 
                committee that the coins authorized under this section 
                meet the criteria established by the advisory committee 
                for commemorative coins; and
                    (B) a recommendation that such coins should be 
                produced as provided in this section.
            (3) Legal tender.--The coins minted under this section 
        shall be legal tender, as provided in section 5103 of title 31, 
        United States Code.
            (4) Numismatic items.--For purposes of section 5134 of 
        title 31, United States Code, all coins minted under this 
        section shall be considered to be numismatic items.
    (c) Sources of Bullion.--The Secretary shall obtain silver for 
minting coins under this section only from stockpiles established under 
the Strategic and Critical Materials Stock Piling Act.
    (d) Design of Coins.--
            (1) Design requirements.--
                    (A) In general.--The design of the coins minted 
                under this section shall be emblematic of the signing 
                of the World War II peace accords on September 2, 1945.
                    (B) Designation and inscriptions.--On each coin 
                minted under this section there shall be--
                            (i) a designation of the value of the coin;
                            (ii) an inscription of the year ``1995''; 
                        and
                            (iii) inscriptions of the words 
                        ``Liberty'', ``In God We Trust'', ``United 
                        States of America'', and ``E Pluribus Unum''.
            (2) Selection.--The design for the coins minted under this 
        section shall be--
                    (A) selected by the Secretary after consultation 
                with the Admiral Nimitz Foundation and the Commission 
                of Fine Arts; and
                    (B) reviewed by the Citizens Commemorative Coin 
                Advisory Committee.
    (e) Issuance of Coins.--
            (1) Quality of coins.--Coins minted under this section 
        shall be issued in uncirculated and proof qualities.
            (2) Mint facility.--Only 1 facility of the United States 
        Mint may be used to strike any particular quality of the coins 
        minted under this section.
            (3) Commencement of issuance.--The Secretary may issue 
        coins minted under this section beginning January 1, 1997.
            (4) Termination of minting authority.--No coins may be 
        minted under this section after December 31, 1997.
    (f) Sale of Coins.--
            (1) Sale price.--The coins issued under this section shall 
        be sold by the Secretary at a price equal to the sum of--
                    (A) the face value of the coins;
                    (B) the surcharge provided in paragraph (4) with 
                respect to such coins; and
                    (C) the cost of designing and issuing the coins 
                (including labor, materials, dies, use of machinery, 
                overhead expenses, marketing, and shipping).
            (2) Bulk sales.--The Secretary shall make bulk sales of the 
        coins issued under this section at a reasonable discount.
            (3) Prepaid orders.--
                    (A) In general.--The Secretary shall accept prepaid 
                orders for the coins minted under this section before 
                the issuance of such coins.
                    (B) Discount.--Sale prices with respect to prepaid 
                orders under subparagraph (A) shall be at a reasonable 
                discount.
            (4) Surcharges.--All sales shall include a surcharge of $8 
        per coin.
    (g) General Waiver of Procurement Regulations.--
            (1) In general.--Except as provided in paragraph (2), no 
        provision of law governing procurement or public contracts 
        shall be applicable to the procurement of goods and services 
        necessary for carrying out the provisions of this section.
            (2) Equal employment opportunity.--Paragraph (1) shall not 
        relieve any person entering into a contract under the authority 
        of this section from complying with any law relating to equal 
        employment opportunity.
    (h) Distribution of Surcharges.--
            (1) In general.--All surcharges received by the Secretary 
        from the sale of coins issued under this section shall be 
        promptly paid by the Secretary to the Admiral Nimitz Foundation 
        for the purpose of preserving the Pacific War heritage of the 
        United States.
            (2) Audits.--The Comptroller General of the United States 
        shall have the right to examine such books, records, documents, 
        and other data of the Admiral Nimitz Foundation as may be 
        related to the expenditures of amounts paid under paragraph 
        (1).
    (i) Financial Assurances.--
            (1) No net cost to the government.--The Secretary shall 
        take such actions as may be necessary to ensure that minting 
        and issuing coins under this section will not result in any net 
        cost to the United States Government.
            (2) Payment for coins.--A coin shall not be issued under 
        this section unless the Secretary has received--
                    (A) full payment for the coin;
                    (B) security satisfactory to the Secretary to 
                indemnify the United States for full payment; or
                    (C) a guarantee of full payment satisfactory to the 
                Secretary from a depository institution whose deposits 
                are insured by the Federal Deposit Insurance 
                Corporation or the National Credit Union Administration 
                Board.

SEC. 5. FRANKLIN DELANO ROOSEVELT COMMEMORATIVE COIN.

    (a) Findings.--The Congress finds that--
            (1) the people of the United States feel a deep debt of 
        gratitude to Franklin Delano Roosevelt for his leadership in 
        America's struggle for peace, well-being, and human dignity;
            (2) Franklin Delano Roosevelt served his country as the 
        thirty-second President from 1932 until his death in 1945, and 
        is the only United States President elected to 4 terms in 
        office;
            (3) Franklin Delano Roosevelt served the State of New York 
        as Governor from 1928 through 1932;
            (4) Franklin Delano Roosevelt served his country as the 
        United States Assistant Secretary of the Navy from 1913 through 
        1920;
            (5) Franklin Delano Roosevelt piloted the American people 
        through the economic chaos of the Great Depression;
            (6) Franklin Delano Roosevelt, as our commander in chief, 
        led the American people through the turmoil of World War II;
            (7) Franklin Delano Roosevelt established Social Security, 
        thus providing all Americans with a more abundant and secure 
        life;
            (8) Franklin Delano Roosevelt was the author of ``The Four 
        Freedoms: Freedom of Speech, Freedom of Worship, Freedom from 
        Want, and Freedom from Fear'';
            (9) Franklin Delano Roosevelt was the founder of the 
        National Foundation for Infantile Paralysis, parent 
        organization of the March of Dimes;
            (10) Franklin Delano Roosevelt was the chief architect of 
        the United Nations;
            (11) after many years of planning, the Franklin Delano 
        Roosevelt Memorial will soon join the memorials of Washington, 
        Jefferson, and Lincoln as a tribute to another great American 
        leader; and
            (12) upon its completion in late 1996, the Franklin Delano 
        Roosevelt Memorial will be a series of 4 large rooms 
        encompassing over 7 acres, and will be situated between the 
        Lincoln and Jefferson memorials in Washington, D.C.
    (b) Coin Specifications.--
            (1) $1 Silver coins.--Subject to paragraph (2), the 
        Secretary of the Treasury (hereafter in this section referred 
        to as the ``Secretary'') shall mint and issue not more than 
        300,000 one dollar coins, which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
            (2) Affirmative report of the citizens commemorative coin 
        advisory committee.--The Secretary may not mint coins under 
        this section prior to the submission by the Citizens 
        Commemorative Coin Advisory Committee to the Secretary, not 
        later than 1 year after the date of enactment of this Act, of a 
        report containing--
                    (A) a notice of a determination by the advisory 
                committee that the coins authorized under this section 
                meet the criteria established by the advisory committee 
                for commemorative coins; and
                    (B) a recommendation that such coins should be 
                produced as provided in this section.
            (3) Legal tender.--The coins minted under this section 
        shall be legal tender, as provided in section 5103 of title 31, 
        United States Code.
            (4) Numismatic items.--For purposes of section 5134 of 
        title 31, United States Code, all coins minted under this 
        section shall be considered to be numismatic items.
    (c) Sources of Bullion.--The Secretary shall obtain silver for 
minting coins under this section only from stockpiles established under 
the Strategic and Critical Materials Stock Piling Act.
    (d) Design of Coins.--
            (1) Design requirements.--
                    (A) In general.--The design of the coins minted 
                under this section shall bear a likeness of Franklin 
                Delano Roosevelt.
                    (B) Designation and inscriptions.--On each coin 
                minted under this section there shall be--
                            (i) a designation of the value of the coin;
                            (ii) an inscription of the year ``1997''; 
                        and
                            (iii) inscriptions of the words 
                        ``Liberty'', ``In God We Trust'', ``United 
                        States of America'', and ``E Pluribus Unum''.
            (2) Selection.--The design for the coins minted under this 
        section shall be--
                    (A) selected by the Secretary after consultation 
                with the Franklin Delano Roosevelt Memorial Commission 
                and the Commission of Fine Arts; and
                    (B) reviewed by the Citizens Commemorative Coin 
                Advisory Committee.
            (3) Additions and alterations.--No addition or alteration 
        to the design selected in accordance with paragraph (2) shall 
        be made without the approval of the Franklin Delano Roosevelt 
        Memorial Commission.
    (e) Issuance of Coins.--
            (1) Quality and mint facility.--The coins authorized under 
        this section may be issued in uncirculated and proof qualities 
        and shall be struck at the United States Bullion Depository at 
        West Point.
            (2) Period for issuance.--The Secretary may issue coins 
        minted under this section only during the period beginning on 
        January 1, 1997, and ending on December 31, 1997.
    (f) Sale of Coins.--
            (1) Sale price.--The coins issued under this section shall 
        be sold by the Secretary at a price equal to the sum of--
                    (A) the face value of the coins;
                    (B) the surcharge provided in paragraph (4) with 
                respect to such coins; and
                    (C) the cost of designing and issuing the coins 
                (including labor, materials, dies, use of machinery, 
                overhead expenses, marketing, and shipping).
            (2) Bulk sales.--The Secretary shall make bulk sales of the 
        coins issued under this section at a reasonable discount.
            (3) Prepaid orders.--
                    (A) In general.--The Secretary shall accept prepaid 
                orders for the coins minted under this section before 
                the issuance of such coins.
                    (B) Discount.--Sale prices with respect to prepaid 
                orders under subparagraph (A) shall be at a reasonable 
                discount.
            (4) Surcharges.--All sales shall include a surcharge of $15 
        per coin.
    (g) General Waiver of Procurement Regulations.--
            (1) In general.--Except as provided in paragraph (2), no 
        provision of law governing procurement or public contracts 
        shall be applicable to the procurement of goods and services 
        necessary for carrying out the provisions of this section.
            (2) Equal employment opportunity.--Paragraph (1) shall not 
        relieve any person entering into a contract under the authority 
        of this section from complying with any law relating to equal 
        employment opportunity.
    (h) Distribution of Surcharges.--
            (1) In general.--All surcharges received by the Secretary 
        from the sale of coins issued under this section shall be 
        promptly paid by the Secretary as follows:
                    (A) An amount equal to 50 percent of the total 
                surcharges shall be paid to the National Park 
                Foundation Restricted Account for the Franklin Delano 
                Roosevelt Memorial.
                    (B) An amount equal to 50 percent of the total 
                surcharges shall be paid to the National Park Service 
                Restricted Construction Account for the Franklin Delano 
                Roosevelt Memorial.
            (2) Audits.--The Comptroller General of the United States 
        shall have the right to examine such books, records, documents, 
        and other data of the accounts referred to in paragraph (1) as 
        may be related to the expenditures of amounts paid under such 
        paragraph.
    (i) Financial Assurances.--
            (1) No net cost to the government.--The Secretary shall 
        take such actions as may be necessary to ensure that minting 
        and issuing coins under this section will not result in any net 
        cost to the United States Government.
            (2) Payment for coins.--A coin shall not be issued under 
        this section unless the Secretary has received--
                    (A) full payment for the coin;
                    (B) security satisfactory to the Secretary to 
                indemnify the United States for full payment; or
                    (C) a guarantee of full payment satisfactory to the 
                Secretary from a depository institution whose deposits 
                are insured by the Federal Deposit Insurance 
                Corporation or the National Credit Union Administration 
                Board.

SEC. 6. INDEPENDENCE HALL COMMEMORATIVE COIN.

    (a) Findings.--The Congress makes the following findings:
            (1) Two hundred years ago, in 1793, George Washington was 
        sworn in to his second term as President of the United States 
        of America in the Senate chamber of Congress Hall in 
        Philadelphia, Pennsylvania;
            (2) For 150 years, the historic buildings in Philadelphia, 
        Pennsylvania, known as Congress Hall, the Old City Hall, and 
        Independence Hall (which housed the Liberty Bell, the symbol of 
        the heritage of free people in the United States) were under 
        the occasional care of local government units.
            (3) Later, the Federal Government, through the National 
        Park Service, assumed responsibility for the preservation and 
        maintenance of these and other related historic sites for 
        present and future generations of Americans.
            (4) In recent years, financial exigencies and the increased 
        responsibilities of the National Park Service have prevented 
        the Federal Government from meeting the capital needs of these 
        historic sites.
            (5) The minting and issuance of a United States coin is an 
        appropriate way to commemorate these historic buildings and to 
        aid in funding their necessary maintenance and preservation.
    (b) Coin Specifications.--
            (1) $1 Silver coins.--Subject to paragraph (2), the 
        Secretary of the Treasury (hereafter in this section referred 
        to as the ``Secretary'') shall mint and issue not more than 
        500,000 $1 coins, which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
            (2) Affirmative report of the citizens commemorative coin 
        advisory committee.--The Secretary may not mint coins under 
        this section prior to the submission by the Citizens 
        Commemorative Coin Advisory Committee to the Secretary, not 
        later than 1 year after the date of enactment of this Act, of a 
        report containing--
                    (A) a notice of a determination by the advisory 
                committee that the coins authorized under this section 
                meet the criteria established by the advisory committee 
                for commemorative coins; and
                    (B) a recommendation that such coins should be 
                produced as provided in this section.
            (3) Legal tender.--The coins minted under this section 
        shall be legal tender, as provided in section 5103 of title 31, 
        United States Code.
            (4) Numismatic items.--For purposes of section 5134 of 
        title 31, United States Code, all coins minted under this 
        section shall be considered to be numismatic items.
    (c) Sources of Bullion.--The Secretary shall obtain silver for 
minting coins under this section only from stockpiles established under 
the Strategic and Critical Materials Stock Piling Act.
    (d) Design of Coins.--
            (1) Design requirements.--
                    (A) In general.--The design of the coins minted 
                under this section shall be emblematic of the national 
                shrines of liberty and shall show the Liberty Bell on 
                one side and Independence Hall on the other side.
                    (B) Designation and inscriptions.--On each coin 
                minted under this section there shall be--
                            (i) a designation of the value of the coin;
                            (ii) an inscription of the year ``1998''; 
                        and
                            (iii) inscriptions of the words 
                        ``Liberty'', ``In God We Trust'', ``United 
                        States of America'', and ``E Pluribus Unum''.
            (2) Selection.--The design for the coins minted under this 
        section shall be--
                    (A) selected by the Secretary after consultation 
                with the Commission of Fine Arts; and
                    (B) reviewed by the Citizens Commemorative Coin 
                Advisory Committee.
    (e) Issuance of Coins.--
            (1) Quality of coins.--Coins minted under this section 
        shall be issued in uncirculated and proof qualities.
            (2) Mint facility.--Only 1 facility of the United States 
        Mint may be used to strike any particular quality of the coins 
        minted under this section.
            (3) Period for issuance.--The Secretary may issue coins 
        minted under this section only during the period beginning on 
        January 1, 1998, and ending on December 31, 1998.
    (f) Sale of Coins.--
            (1) Sale price.--The coins issued under this section shall 
        be sold by the Secretary at a price equal to the sum of--
                    (A) the face value of the coins;
                    (B) the surcharge provided in paragraph (4) with 
                respect to such coins; and
                    (C) the cost of designing and issuing the coins 
                (including labor, materials, dies, use of machinery, 
                overhead expenses, marketing, and shipping).
            (2) Bulk sales.--The Secretary shall make bulk sales of the 
        coins issued under this section at a reasonable discount.
            (3) Prepaid orders.--
                    (A) In general.--The Secretary shall accept prepaid 
                orders for the coins minted under this section before 
                the issuance of such coins.
                    (B) Discount.--Sale prices with respect to prepaid 
                orders under subparagraph (A) shall be at a reasonable 
                discount.
            (4) Surcharges.--All sales shall include a surcharge of $7 
        per coin.
    (g) General Waiver of Procurement Regulations.--
            (1) In general.--Except as provided in paragraph (2), no 
        provision of law governing procurement or public contracts 
        shall be applicable to the procurement of goods and services 
        necessary for carrying out the provisions of this section.
            (2) Equal employment opportunity.--Paragraph (1) shall not 
        relieve any person entering into a contract under the authority 
        of this section from complying with any law relating to equal 
        employment opportunity.
    (h) Distribution of Surcharges.--
            (1) In general.--All surcharges received by the Secretary 
        from the sale of coins issued under this section shall be 
        promptly paid by the Secretary to the Independence Hall 
        Preservation Fund to assist the Fund's efforts to--
                    (A) create an endowment fund to finance capital 
                improvements in Independence National Historic Park;
                    (B) fund capital replacement projects for the 
                buildings in Independence National Historic Park; and
                    (C) meet such other needs as the Directors of the 
                Independence Hall Preservation Fund deem appropriate to 
                foster and increase respect and admiration for 
                Independence National Historic Park.
            (2) Audits.--The Comptroller General of the United States 
        shall have the right to examine such books, records, documents, 
        and other data of the Independence Hall Preservation Fund as 
        may be related to the expenditures of amounts paid under 
        paragraph (1).
    (i) Financial Assurances.--
            (1) No net cost to the government.--The Secretary shall 
        take such actions as may be necessary to ensure that minting 
        and issuing coins under this section will not result in any net 
        cost to the United States Government.
            (2) Payment for coins.--A coin shall not be issued under 
        this section unless the Secretary has received--
                    (A) full payment for the coin;
                    (B) security satisfactory to the Secretary to 
                indemnify the United States for full payment; or
                    (C) a guarantee of full payment satisfactory to the 
                Secretary from a depository institution whose deposits 
                are insured by the Federal Deposit Insurance 
                Corporation or the National Credit Union Administration 
                Board.

SEC. 7. NATIONAL LAW ENFORCEMENT OFFICERS MEMORIAL COIN.

    (a) Coin Specifications.--
            (1) Five dollar gold coins.--Subject to paragraph (3), the 
        Secretary of the Treasury (hereafter in this section referred 
        to as the ``Secretary'') shall issue not more than 200,000 five 
        dollar coins, which shall--
                    (A) weigh 8.859 grams;
                    (B) have a diameter of 0.850 inches; and
                    (C) contain 90 percent gold and 10 percent alloy.
            (2) $1 Silver coins.--Subject to paragraph (3), the 
        Secretary shall mint and issue not more than 500,000 $1 coins, 
        which shall--
                    (A) weigh 26.73 grams;
                    (B) have a diameter of 1.500 inches; and
                    (C) contain 90 percent silver and 10 percent 
                copper.
            (3) Affirmative report of the citizens commemorative coin 
        advisory committee.--The Secretary may not mint coins under 
        this section prior to the submission by the Citizens 
        Commemorative Coin Advisory Committee to the Secretary, not 
        later than 1 year after the date of enactment of this Act, of a 
        report containing--
                    (A) a notice of a determination by the advisory 
                committee that the coins authorized under this section 
                meet the criteria established by the advisory committee 
                for commemorative coins; and
                    (B) a recommendation that such coins should be 
                produced as provided in this section.
            (4) Legal tender.--The coins minted under this section 
        shall be legal tender, as provided in section 5103 of title 31, 
        United States Code.
            (5) Numismatic items.--For purposes of section 5134 of 
        title 31, United States Code, all coins minted under this 
        section shall be considered to be numismatic items.
    (c) Sources of Bullion.--The Secretary shall obtain silver for 
minting coins under this section only from stockpiles established under 
the Strategic and Critical Materials Stock Piling Act.
    (d) Design of Coins.--
            (1) Design requirements.--
                    (A) In general.--The design of the coins minted 
                under this section shall be emblematic of the National 
                Law Enforcement Officers Memorial.
                    (B) Designation and inscriptions.--On each coin 
                minted under this section there shall be--
                            (i) a designation of the value of the coin;
                            (ii) an inscription of the year ``1997''; 
                        and
                            (iii) inscriptions of the words 
                        ``Liberty'', ``In God We Trust'', ``United 
                        States of America'', and ``E Pluribus Unum''.
            (2) Selection.--The design for the coins minted under this 
        section shall be--
                    (A) selected by the Secretary after consultation 
                with--
                            (i) the National Law Enforcement Officers 
                        Memorial Fund, Inc.;
                            (ii) the Secretary of the Interior (or his 
                        or her designee); and
                            (iii) the Commission of Fine Arts; and
                    (B) reviewed by the Citizens Commemorative Coin 
                Advisory Committee.
    (e) Issuance of Coins.--
            (1) Quality of coins.--Coins minted under this section 
        shall be issued in uncirculated and proof qualities.
            (2) Mint facility.--Only 1 facility of the United States 
        Mint may be used to strike any particular quality of the coins 
        minted under this section.
            (3) Period for issuance.--The Secretary may issue coins 
        minted under this section only during the period beginning on 
        May 15, 1997, and ending on May 15, 1998.
    (f) Sale of Coins.--
            (1) Sale price.--The coins issued under this section shall 
        be sold by the Secretary at a price equal to the sum of--
                    (A) the face value of the coins;
                    (B) the surcharges provided in paragraph (4) with 
                respect to such coins; and
                    (C) the cost of designing and issuing the coins 
                (including labor, materials, dies, use of machinery, 
                overhead expenses, marketing, and shipping).
            (2) Bulk sales.--The Secretary shall make bulk sales of the 
        coins issued under this section at a reasonable discount.
            (3) Prepaid orders.--
                    (A) In general.--The Secretary shall accept prepaid 
                orders for the coins minted under this section before 
                the issuance of such coins.
                    (B) Discount.--Sale prices with respect to prepaid 
                orders under subparagraph (A) shall be at a reasonable 
                discount.
            (4) Surcharges.--All sales shall include a surcharge of--
                    (A) $35 per coin for a $5 gold coin; and
                    (B) $7 per coin for a $1 silver coin.
    (g) General Waiver of Procurement Regulations.--
            (1) In general.--Except as provided in paragraph (2), no 
        provision of law governing procurement or public contracts 
        shall be applicable to the procurement of goods and services 
        necessary for carrying out the provisions of this section.
            (2) Equal employment opportunity.--Paragraph (1) shall not 
        relieve any person entering into a contract under the authority 
        of this section from complying with any law relating to equal 
        employment opportunity.
    (h) Distribution of Surcharges.--
            (1) In general.--All surcharges received by the Secretary 
        from the sale of coins issued under this section shall be 
        promptly paid by the Secretary to the National Law Enforcement 
        Officers Memorial Maintenance Fund established under paragraph 
        (1) of subsection (j), and shall be used for the purposes 
        described in paragraph (2) of such subsection.
            (2) Audits.--The Comptroller General of the United States 
        shall have the right to examine such books, records, documents, 
        and other data of the National Law Enforcement Officers 
        Memorial Maintenance Fund as may be related to the expenditures 
        of amounts paid under paragraph (1).
    (i) Financial Assurances.--
            (1) No net cost to the government.--The Secretary shall 
        take such actions as may be necessary to ensure that minting 
        and issuing coins under this section will not result in any net 
        cost to the United States Government.
            (2) Payment for coins.--A coin shall not be issued under 
        this section unless the Secretary has received--
                    (A) full payment for the coin;
                    (B) security satisfactory to the Secretary to 
                indemnify the United States for full payment; or
                    (C) a guarantee of full payment satisfactory to the 
                Secretary from a depository institution whose deposits 
                are insured by the Federal Deposit Insurance 
                Corporation or the National Credit Union Administration 
                Board.
    (j) National Law Enforcement Officers Memorial Maintenance Fund.--
            (1) Establishment.--
                    (A) In general.--There is hereby established the 
                National Law Enforcement Officers Memorial Maintenance 
                Fund (hereafter referred to in this subsection as the 
                ``Fund''), which shall be a revolving fund, to be 
                administered by the Secretary of the Interior (or his 
                or her designee).
                    (B) Funding.--Monies for the Fund shall be raised 
                through the surcharges authorized under subsection 
                (f)(4). The Secretary of the Interior may accept 
                donations for the Fund.
                    (C) Interest bearing account.--The Fund shall be 
                maintained in an interest bearing account within the 
                Department of the Treasury.
            (2) Purposes.--The Fund shall be used--
                    (A) for maintenance and repair of the National Law 
                Enforcement Officers Memorial;
                    (B) to add to the Memorial the names of law 
                enforcement officers who have died in the line of duty;
                    (C) for security of the Memorial site, including 
                the posting of National Park Service rangers and United 
                States Park Police, as appropriate;
                    (D) at the discretion of the Secretary of the 
                Interior and in consultation with the Secretary of the 
                Treasury and the Attorney General of the United States, 
                who shall establish an equitable procedure between the 
                Fund and such other organizations as may be 
                appropriate, to provide educational scholarships to the 
                immediate family members of law enforcement officers 
                killed in the line of duty whose names appear on the 
                Memorial, the total amount of such scholarships not to 
                exceed 10 percent of the Fund's annual income;
                    (E) for the dissemination of information regarding 
                the Memorial to the general public; and
                    (F) to administer the Fund, including contracting 
                for necessary services, in an amount not to exceed the 
                lesser of--
                            (i) 10 percent of the Fund's annual income; 
                        or
                            (ii) $200,000 in any 1-year period.
            (3) Budget and audit treatment.--The Fund shall be subject 
        to the budget and audit provisions of chapter 91 of title 31, 
        United States Code.
                                 <all>
S 2530 IS----2
S 2530 IS----3
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